WolfePak ERP - Midstream

WolfePak ERP for Midstream Players

The only solution in oil & gas accounting built for the way you work

If you’re a first purchaser and you don’t use WolfePak, you’re missing the advantages of the only purpose-built solution for your business. WolfePak is a comprehensive, integrated crude oil purchase system, developed to support crude oil purchases with various data capture technologies.

This set of core modules integrates with the WolfePak Revenue Distribution System and the General Ledger. You can manage the purchase, sale and distribution of oil production, perform allocations on purchases, and value purchases with different pricing methods.

This midstream accounting package lets you take title of production from oil & gas wells and issue disbursements on behalf of the operators. You can account for transactions connected to pipelines and hauled transactions — WolfePak handles netting of tickets, multiple pricing options and different penalty scales. View the included modules and additional available modules.

The system makes it easy to generate oil run statements, regulatory reports and severance tax reports, transfer volumes and values for revenue disbursement and related accounting entries. Other functions include:

Netting of tickets, taking gravity, temperature and BS&W into consideration